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Module 1
The use of debt in real estate investment
  • Motivation to use debt by investors explained
  • Key lending market players
Module 2
Change in debt capital sources
  • Private CRE debt & the 4 quadrants
  • Public debt market instruments
Module 3
Risk, return & leverage
  • Borrowers: capital structure, mezzanine finance, leveraged appraisal
  • 4 Quadrant investment, debt & performance
Module 4
Risk assessment of property debt
  • Loans & mortgages: basic maths
  • Lenders: underwriting & credit risk
  • Negotiating the term sheet